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Antrix Devas dispute: Division bench of Delhi HC upheld single bench order
Updated : 3 years, 2 months ago IST
Earlier in its Judgement, the single bench held that the Impugned award dated September 14 2015 suffers from patent illegalities and fraud and is in conflict with the Public Policy of India.
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Delhi HC allows Antrix plea, sets aside arbitration award in favour of Dev
Updated : 3 years, 9 months ago IST
New Delhi [India], August 29 (ANI): The Delhi High court on Monday allowed Antrix Corporation Ltd's plea and sets aside the Arbitral award dated 14.09.2015 passed by the Arbitral Tribunal allowing the claim of Devas Multimedia Private Limited over the sudden termination of the agreement.
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Antrix-Devas deal signed during Congress regime was 'fraud', says Nirmala
Updated : 4 years, 4 months ago IST
New Delhi [India], January 18 (ANI): Finance Minister Nirmala Sitharaman on Tuesday said the satellite deal between ISRO's commercial arm Antrix and Devas Multimedia signed in 2005 under the Congress-party led government was a fraud and has caused huge damage to the exchequer.
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SC dismisses plea of Devas Multimedia against NCLAT winding up order
Updated : 4 years, 4 months ago IST
New Delhi [India], January 17 (ANI): The Supreme Court on Monday dismissed an appeal filed by Devas Multimedia Private Limited challenging National Company Law Tribunal (NCLAT) order that allowed to wind up the company.
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ED attaches approx Rs. 80 crore of Devas multimedia for illegal agreement
Updated : 8 years, 9 months ago IST
New Delhi [India], Feb 28 (ANI): The Enforcement Directorate on Tuesday attached an amount of Rs. 79,76,00,041 under PMLA in the case of Devas Multimedia Pvt. Ltd., Bangalore for illegally entering into an agreement with ISRO/Antrix Corporation (ACL Commercial Arm of ISRO) by fraudulently r
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